Daiwa: Wynn Macau rated as "shareholding", with a target price of 8 Hong Kong dollars.
Morgan Stanley released a research report stating that Wynn Macau (01128) underperformed expectations in the third quarter, with property EBITDA at 0.263 billion US dollars, a 6% quarterly decrease, lower than the bank's and market expectations. This was due to a mere 10 basis points increase in market share and an 8% quarterly drop in retail rents. However, management noted a 30% year-on-year increase in Golden Week betting volumes, and the bank believes the current company valuation is attractive, with a target price of 8 Hong Kong dollars and a 'shareholding' rating.
Daiwa: maintains sitc 'in line with the market' rating, target price raised to 24 Hong Kong dollars.
Daiwa Securities released a research report stating that it has raised the profit forecast for Sitc International (01308) for 2024 to 2026 by 18%, 30%, and 2%, maintaining a "synchronized with the market" rating for the group, and raising the target price from 18.3 Hong Kong dollars to 24 Hong Kong dollars. The bank mentioned a relative preference for Sitc International in the container shipping industry, despite the correction in the long-haul spot market due to disruptions in the Red Sea since the fourth quarter of 2023, the fundamentals of small vessels remain robust. However, the downward cycle of container ships may bring downward risks.
Cloud computing rising star CoreWeave prepares for IPO: supported by top investment banks, with a valuation reaching 23 billion US dollars.
Cloud computing provider CoreWeave has selected Morgan Stanley, Goldman Sachs, and JPMorgan to lead its upcoming IPO, with plans to go public next year.
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